- The Plan ₿ Foundation has incorporated several companies in Lugano, Switzerland to accept bitcoin payments.
- The foundation expects to serve more than 2,500 clients by the end of the year.
- Plan ₿ partnered with GoCrypto to provide the infrastructure to enable bitcoin payments across the city.
The Plan ₿ Foundation, an organization dedicated to fostering bitcoin and stablecoin adoption, has just incorporated in the city of Lugano, Switzerland, to enable bitcoin and stablecoin payments, according to an announcement.
The foundation, founded by the same people who founded Tether and the city of Lugano, intends to expand the adoption of bitcoin throughout the city, optionally affecting all the daily activities of the city’s residents.
In addition, while offering optionality in the form of payments, the foundation intends to transform the existing financial infrastructure in the city. In order to scale citywide, the foundation partnered with GoCrypto, a cryptocurrency payment service provider.
“Earlier this year, Lugano and Tether signed a memorandum of understanding to launch a strategic collaboration through several initiatives, including helping local businesses integrate their existing payment services with Bitcoin and stablecoins” , said Paolo Ardoino, CTO of Tether.
GoCrypto payments are already available at nearly a dozen merchants across the city, including businesses like McDonald’s and art galleries. Over the next 25 days, the functionality is expected to be expanded to allow more businesses in Lugano to accept bitcoin.
Thus, the foundation hopes to serve more than 2,000 people at the next ₿ Plan Forum, a conference that will take place from October 28 to 29. By the end of the year, the organization plans to allow more than 2,500 merchants to accept bitcoin payments.
